Coursera (NYSE:COUR) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Coursera (NYSE:COUR) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other research firms also recently issued reports on COUR. Zacks Research downgraded Coursera from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price objective on shares of Coursera in a research report on Wednesday, June 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $7.00 target price on shares of Coursera in a report on Wednesday, June 24th. The Goldman Sachs Group raised Coursera from a “sell” rating to a “neutral” rating and raised their target price for the stock from $5.50 to $6.50 in a research report on Monday, August 3rd. Finally, KeyCorp restated an “overweight” rating on shares of Coursera in a research note on Wednesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and an average target price of $8.55.

Coursera Stock Down 2.2%

COUR opened at $5.04 on Friday. The firm has a 50 day moving average price of $5.70 and a 200-day moving average price of $5.74. Coursera has a twelve month low of $5.00 and a twelve month high of $12.32. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -7.51, a PEG ratio of 0.63 and a beta of 1.26.

Coursera (NYSE:COUR) last issued its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The company had revenue of $298.60 million for the quarter, compared to analysts’ expectations of $293.61 million. During the same quarter last year, the company posted $0.12 earnings per share. The firm’s quarterly revenue was up 59.6% on a year-over-year basis. As a group, analysts expect that Coursera will post 0.16 earnings per share for the current year.

Insider Buying and Selling

In other Coursera news, SVP Alan Cardenas sold 9,139 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the sale, the senior vice president owned 236,237 shares in the company, valued at $1,348,913.27. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 16.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Coursera during the second quarter valued at approximately $116,245,000. Pale Fire Capital SE boosted its position in shares of Coursera by 94.4% in the second quarter. Pale Fire Capital SE now owns 20,432,950 shares of the company’s stock worth $115,242,000 after purchasing an additional 9,921,347 shares during the period. Caledonia Private Investments Pty Ltd purchased a new stake in shares of Coursera in the second quarter worth $114,918,000. Readystate Asset Management LP increased its stake in shares of Coursera by 259.2% in the second quarter. Readystate Asset Management LP now owns 4,027,181 shares of the company’s stock worth $22,713,000 after purchasing an additional 2,906,101 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Coursera during the 2nd quarter valued at $9,848,000. 89.55% of the stock is currently owned by institutional investors.

Coursera Company Profile

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry organizations to offer learning content in areas such as business, technology, data science, health, and the humanities.

Coursera serves individual learners as well as businesses, academic institutions, and government organizations. Its offerings include subscription-based course access, career-oriented professional credentials, online bachelor’s and master’s degree programs, and workforce development solutions designed to help organizations train employees and other learners.

Coursera was founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller and is headquartered in Mountain View, California.